noun (plural agios)
The percentage charged on the exchange of one currency, or one form of money, into another that is more valuable.
- First, he framed the phenomenon of interest, not as a return to financial investments, but rather as a premium, or agio, in intertemporal exchanges.
- When such a situation arises, the party who owns the more desirable currency is not willing to exchange it unless it receives a premium, agio, for the advantage which he is willing to trade.
- The agio was taken into account by asking the party who traded it to add an extra amount, so that it took seventy iron drachmae, and not sixty, to make up the acceptable equivalent, and hence the real value of a silver mina.
Late 17th century: from Italian agio, aggio, literally 'ease, convenience'.
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